It has been an incredible year for Bitcoin. The cryptocurrency crossed the $1,000 mark on New Year's Day 2017. It was a headline maker that was a hint of things to come. Now it is trading below $15,000, after reaching a high of $20,000 earlier this month. This episode of The Crypto Craze dives into the biggest stories of the year in cryptocurrency, and looks at how several start-ups are disrupting industry with blockchain technology.
Cryptocurrency network iCash just launched a digital billboard in Times Square. The advertising campaign just in time for an estimated 1 million people will gather to ring in the new year. iCash's Chief Economist Max Wolff explains the message he hopes these billboards send. "We'd like to be part of the future and that's what new years eve is all about," says Wolff. "We think we are part of the future for everyone's that interested in cryptocurrency."
CryptoBnB is banking on blockchain to transform the travel industry. The company's founder and CEO Tariq Alwahedi explains how this start-up can transform the travel booking industry. "We are building a new disruptive technology," says Alwahedi. He says CryptoBnB is applying blockchain for short term rental application. CryptoBnB is currently in beta stage.
Blockchain has the power to transform the healthcare industry. That's according to cyberneticist Jonny Dubowsky. He explains how this technology can impact the way we protect and distribute data. "We are just exposing the utility and value of blockchain," says Dubowsky. He compares bitcoin to the dot com bubble, and says he we might have further corrections. My Personal Therapeutics is now using blockchain technology to protect and eventually monetize personal data.
Shan Aggarwal, VP of Corporate and Business Development at Coinbase, discusses the company's acquisitio of Deribit as it heads into the S&P 500. Watch!
American businesses that rely on Chinese goods are reacting with muted relief after the U.S. and China agreed to pause their exorbitant tariffs on each other’s products for 90 days. Many companies delayed or canceled orders after President Donald Trump last month put a 145% tariff on items made in China. Importers still face relatively high tariffs, however, as well as uncertainty over what will happen in the coming weeks and months. The temporary truce was announced as retailers and their suppliers are looking to finalize their plans and orders for the holiday shopping season. They’re concerned a mad scramble to get goods onto ships will lead to bottlenecks and increased shipping costs.
Shopping expert Trae Bodge discusses how talks between the U.S. and China is good news for now, but uncertainty remains for back-to-school and the holidays.
Jake Traylor, White House reporter at Politico, joins Cheddar to discuss how Trump is aiming to lower drug prices and how it differs from Biden's approach.
DJ X, alongside Molly Holder, Senior Director of Product Personalization, takes us inside Spotify's A.I. DJ and how it's the best new way to listen to music.
